Bitcoin Holds Up as AI Trade Crumbles
The AI trade continues to go south as Wall Street takes profits.
Strive has rolled out a new preferred stock paying 15% annual dividends, backed by a bitcoin treasury worth roughly $3 billion. The company raised $630 million by selling the shares at a discount, giving investors a potential yield approaching 17%.
TL;DR: Strive purchased another 1,223 Bitcoin over two days, taking its reported holdings to 36,818 BTC in a fresh SEC filing. Strive’s Bitcoin buying spree continued through the middle of October.
October 20, 2026, 2:30 pmMt. Gox has rescheduled its repayment deadline for October 31, 2027, with a one-year extension from the Tokyo District Court, meaning that some unspecified number of former Mt. Gox customers are still waiting to receive their Bitcoin over a decade after the exchange went bust.
October 20, 2026, 2:15 pmThe AI trade continues to go south as Wall Street takes profits.
Blockchain.com's options trading launch could enhance market engagement, but regulatory approval remains crucial for broader U.S.
Institutional interest in Bitcoin ETFs amid price dips suggests confidence in long-term value, potentially stabilizing the cryptocurrency market.
TL;DR: AnchorWatch has opened its Nevada-chartered Bitcoin custody service, pairing a choice of key-control structures with optional Lloyd’s-backed insurance. Bitcoin custody is no longer just a question of who holds the private keys.
Switzerland’s market regulator, the Financial Market Supervisory Authority (FINMA), has approved the first exchange-traded retail fund that directly holds Bitcoin on Tuesday, October 20. The first-of-its-kind approval in the country lands in the same week as Sparkassen rolled out crypto trading inside its banking app in neighboring Germany.
Shareholders cleared a condition for Metaplanet's investment, with the Superplanet name and SUPA ticker contingent on a fourth-quarter closing.
Bitcoin’s price is caught in an increasingly uncomfortable position, trading near $81,392 on Tuesday, Oct. 20, as short-term selling pressure clashes with a longer-term technical structure that has yet to surrender its bullish foundations.
FINMA approved Switzerland's first retail bitcoin ETF, following earlier crypto ETP listings and a fund restricted to qualified investors.
Bitcoin lost less than the Nasdaq-100 in last week's tech selloff. Hedge funds cut technology positions at the fastest pace since at least 2016 over the five trading sessions through Oct. 15, according to a report citing Goldman Sachs prime brokerage data. The Nasdaq-100 fell 5.49% from its Oct.